How to Spot a Real Estate Scam Before It’s Too Late
A real estate scam can catch anyone off guard. From students looking for PGs to young professionals searching for rental homes or first apartments, no one is completely safe. The property market is filled with great opportunities, but it also attracts people who misuse that trust. Knowing how to identify scams early can save you from big losses. Let’s look at some clear warning signs that something isn’t right. 1. Prices That Sound Too Good When a property looks perfect and the rent or sale price seems unusually low, it’s time to pause. Scammers use cheap pricing to get quick attention. They might show luxury apartments at half the market rate just to collect deposits from multiple people. Always compare rates with other listings in the same area before believing the offer. 2. Excuses to Avoid Property Visits If someone keeps finding reasons to stop you from visiting the property, treat it as a major warning. Common excuses include “the tenant hasn’t moved out yet” or “the house is und...